Chapter 9: Organisational Risk Management

Question 1

Risk

Answer 1

Effect of uncertainty on objectives (what we want)

Question 2

Threat

Hazard

Answer 2

eg; Human
eg: Geological fault
both contribute to a risk - either increasing or decreasing the likelihood of the risk occurrence

Question 3

Escalation

Answer 3

Timely and transparent reporting and escalation of risks enables police to make well-informed decisions - early warning of emerging risks

Question 4

Framework (Pyramid)

Answer 4

Strategic - leadership team oversea this. (our business)
Portfolio - Investment - delivery of portfolio
Corporate - achievement across the organisation (asset management etc)
Operational - day to day operations

Question 5

5 step process risk management process

• Communicate and consult throughout all stages
• Monitor and review

Answer 5

1- establish context (internal eg policies and processes and external eg social, cultural)

2- identify risk - id and record

3- analyse risk impact - matrix level and controls

4- evaluate risk - act, monitor and accept, achieve

5- take action - you will treat and take action to respond to a risk

Question 6

Three lines of defence - Risk Management

Answer 6

1. Everyone id and discuss risks
2. District, service centres, PNHQ
3. Assurance Group and other independent functions

Question 7

Risk management…how?

Answer 7

Planning/ SPT
New initiatives
Changing how we do things
Changes in our operating environment
Near misses, lesson learnt and events